On The Road Lending
On The Road Lending

BETTER CAR BETTER JOB BETTER LIFE

  • Four clients who refused to give up

    They inspire us every day


    They inspire us every day

    Our clients never cease to amaze us. They’ve been through unspeakable hardships, but they weather the storm and come out on the other side wiser, stronger and more determined than ever to build a better life for themselves and their families.

    When you donate to On the Road Lending, your gift is more than just dollars. It’s giving encouragement to those who those who refuse to give up on a better and brighter future. It’s giving hope to those who need it most. It’s giving support to those living in a world where the odds are stacked against them.

    We wanted to take a little time to praise some of our clients*. Their stories are different, but there’s one thing that ties them all together: the resolve not to give up.

    Janet

    Ten weeks before they were supposed to be married, Janet’s fiance left her. Not only did he back out of the wedding, he also left her with all of the bills. It’s hard to plan for something like this, especially as a single mother. Shortly after she was laid off from her full-time job, relying solely on unemployment to take care of herself and her son. As you can imagine, unemployment only helps so much, and Janet lost her car after falling behind in payments. And it’s hard to keep up with your bills when you keep getting hired then laid off from your job, which is exactly what happened to her.

    But despite those hits, she remained determined as ever. She was hired back full-time to the job that laid her off, started a part-time job and came to us to help her get financially fit and into a car. Stable jobs, a reliable car and refusing to admit defeat has helped Janet create a better life for her and her son.

    Jacob

    Jacob had a rough childhood. He was raised by a single mother who despite working hard struggled to get by. Jacob joined a gang, selling drugs to help pay the bills. He had every intention of going to college after graduating high school, but ended up getting incarcerated two times, spending about 17 years in prison. But that’s not the end of his story because he refused to let it be the end. While incarcerated, he by participated in programs on personal finances, budgeting and credit. He worked hard to better himself, and once out of prison he decided he’d work just as hard to better the lives of others. Today he works as a peer educator in the Prison Entrepreneur Program and plans to attend college for business management. In addition, he works with young, at-risk men who need positive role models and mentorship.

    Maria

    Maria learned about On the Road Lending while attending a session at Genesis Women’s Shelter. The single mother of one had recently gotten a divorce, and she and her daughter, Joy, were receiving help at the shelter to escape domestic violence. Maria has two degrees from the University of Mexico and is multi-lingual—as is her daughter. To say she’s a hard worker is an understatement: Once we got her in a car, she made sure to pay more than was due each month.

    And that paid off! Not only is Maria one of our earliest clients but she’s the second to pay off her car note!

    Susan

    Money problems started for Susan soon after she enrolled in cosmetology school. She was a high school dropout who wanted more for her life so this seemed to be the perfect next step in her journey to a profitable career. Finding out she was pregnant should have been a blessing, but when she informed the school they told her she could no longer take classes because of the chemicals. Despite only attending for a few days, they still charged her the full tuition without giving her any sort of break. She found other employment, but this issue took a major hit on her finances and credit.

    As the years rolled on, Susan raised five daughters, and if you ask her she’ll tell you having children has been her greatest joy! Once her daughters left the nest, she found herself depressed and her job performance declined resulting in a demotion. She fell behind on bills and became homeless. She was taken in by the Salvation Army and, determined to do and be better, enrolled in a program that helped her take control of her finances and get into a stable residence.

    Susan’s life has changed tremendously. She’s adopted four of her grandchildren (and through us has a van to cart all of them around), she has a great full-time job, and she’s currently working on getting her bachelor’s degree in Christian Studies!

    *We’ve changed the names in these personal stories.

  • Stick to your holiday budget with these tips

    It's not so hard -- trust us!


    It's not so hard -- trust us!

    You’ve created the perfect holiday budget, so now what? Sticking to your budget may be easier than you think. We’ve got some tips for you that may help you stay disciplined, reduce holiday stress and make your wallet extra happy!

    Tip #1: Set realistic expectations with family members and loved ones

    There’s nothing like seeing people’s faces light up when they open your gift. But you shouldn’t have to go broke because you just HAD to get that gift. We recommend setting expectations for your loved ones (and yourself, for that matter) — REAL expectations. If someone asks you for something you can’t afford, it’s OK to say “maybe next year” or find another nice way to say it’s just not going to happen. For certain friends or family, try suggesting a “one gift rule” with each other with a spending limit, and stick to it. It’s fun to give gifts, but you know what’s not fun? Regretting spending too much money when you see your bank account balance on January 1.

    Tip #2: Shop early

    If you shop earlier, you’ll have a better grasp of how much you’re spending (and how much you may or may not have left over). It’ll also give you time to check out sales and properly price items on your gift list. Last-minute shopping creates an environment where you’re more willing to spend more just to get everything on your list.

    Tip #3: Don’t forget about your other obligations

    The holidays are an emotional time, but it’s important not to let those emotions get the best of you. While shopping, keep in mind the other things you definitely need money for, the things you can’t put on hold just because you got caught up in the holiday spirit. We’re talking about things like your rent, car payment or credit card payments. Remember these financial obligations will still be around once the holidays are over. If you need to keep a constant reminder, add them to your holiday shopping list so they’ll be on your mind.

    Tip #4: Stick to cash only, avoid credit card usage

    If you can, we recommend using cash for all of your purchases. Physically holding the amount of money dedicated to holiday spending will help you stick to your budget. Make a plan to not spend more than you have on hand. If you do need to use a credit card for purchases, which we don’t recommend since you’ll likely be tempted to overspend, be sure to come up with a proper payment plan to pay off those purchases as soon as possible.

    Tip #5: Be cautious of sales pitches

    Don’t let the holiday shopping hype get to you! The only goal of these stores is to sell you lots and lots of items. Be comfortable with turning down offers for store credit cards and pushes for additional items you don’t need. Steer clear of buy now, pay later offers.

    Tip #6: Keep track of your spending

    You’ve already set up a budget, but it’s important to keep notes of everything you’ve spent. We suggest using a spreadsheet (like ours, which you can download here) to keep track, but anything works, even just a piece of paper. Knowing how much you’ve spent is the only way to know how much money you have left to spend.

    Tip #7: Keep in mind that special gifts don’t have to cost a ton of money

    Come up with some fun holiday traditions that create a lifetime of memories without creating a hole in your wallet! Here are some suggestions: Have a PJ party and watch your favorite movie, decorate Christmas cookies, make your own holiday gifts for family and friends, decorate ornaments and make your own decorations, read holiday-themed books together, volunteer together. Spending real, meaningful time with your loved ones is worth more than any gift you can purchase.

    What are your tricks and tips for sticking to your holiday budget?

  • The B Word: Take these 5 steps to create the perfect holiday budget

    No need to fall behind financially


    No need to fall behind financially

    We’re not quite sure where this year went, but it seemed like we blinked and all of a sudden the holiday season is here! While it’s fun and special to give gifts (and receive them, of course!), it’s important to be able to do so without falling behind financially. That’s where the “B” word comes in. Turns out, budgeting doesn’t have to be scary or complicated — all you need is a little bit of organization and discipline and you’re good to go! Sticking to a budget will keep you from falling behind and make your life a whole lot easier once the holidays are over.

    Ready to take the plunge and create a holiday budget? Follow the five steps below!

    1. Come up with a spending limit

    Be realistic! How much money can you afford to spend on gifts and other holiday expenses. Going shopping without an idea of how much you can spend increases the chance you’ll overspend. While you take the time to really consider how much money you can put aside for holiday shopping, this may also be the time you consider other low-cost traditions that may mean just as much or more than physical gifts (like a potluck/cookie swap or a secret gift exchange).

    2. Create a complete list of holiday expenses and gifts

    If Santa makes a list every year, why shouldn’t you do it, too? Include each family member and friend to whom you are planning to give a gift. If you have an idea of what you want to buy for each person, include that on your list, too. (Consider listing more than one item so you have options that appropriately fit your budget.) When creating this list, don’t forget other holiday expenses like decorations, cards and gift wrap. These are sneaky holiday items that most forget to budget for, but they add up!

    3. Educate yourself

    Pay attention to sales, and price out the items on your list. Does it make more sense to buy now or wait until Black Friday/Cyber Monday? Are there ways you can get cash back on certain items? Educating yourself on the best prices and times to buy will pay off in the long run. And it might even help keep you under budget!

    4. Assign money to each category or individual

    You’ve already decided your spending limit, now it’s time to break that up and assign it. How much can you put towards family gifts? Are there certain family members you’d like to spend more on than others? Setting your individual spending expectations now will make life a lot easier for you. Trust us!

    5. Keep track of your spending

    We’ve created a spreadsheet that will help you keep track of everything — from gifts to gift wrap. Fill it in as you shop for the holidays so you can keep track of your spending. Being able to see where your money is going is not only helpful, but will also help you stick to your budget. Download the spreadsheet here.

    Now that you’ve made a budget, all you have to do is follow it! Our blog post on sticking to your budget should help you stay disciplined. Happy shopping!

  • Equifax breach affects millions of Americans

    We're still learning about one of the biggest breaches ever


    On Sept. 7, Equifax announced a data breach, where hackers gained access to company data that included sensitive information for millions of Americans. Up to 143 million Americans may have had their names, Social Security numbers, birth dates, addresses and other vital information accessed. It also looks like the hack compromised 209,000 people’s credit card numbers and personal dispute details for another 182,000 individuals. This breach happened between mid-May and July. The hack was discovered on July 29 and Equifax informed the public more than a month later.

    The Equifax breach is one of the biggest ever and leaves people in the U.S., U.K., and Canada at risk for identity theft.

    “This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do. I apologize to consumers and our business customers for the concern and frustration this causes,” said Chairman and Chief Executive Officer, Richard F. Smith.

    Using this personal and sensitive information, identity thieves have the ability to impersonate individuals to creditors, lenders and service providers.

    Equifax is now doing damage control, but so far it hasn’t seemed to be enough to calm nerves and prevent initial confusion.

    Per the Sept. 7 statement:

    Equifax has established a dedicated website, www.equifaxsecurity2017.com, to help consumers determine if their information has been potentially impacted and to sign up for credit file monitoring and identity theft protection. The offering, called TrustedID Premier, includes 3-Bureau credit monitoring of Equifax, Experian and TransUnion credit reports; copies of Equifax credit reports; the ability to lock and unlock Equifax credit reports; identity theft insurance; and Internet scanning for Social Security numbers - all complimentary to U.S. consumers for one year. The website also provides additional information on steps consumers can take to protect their personal information. Equifax recommends that consumers with additional questions visit www.equifaxsecurity2017.com or contact a dedicated call center at 866-447-7559, which the company set up to assist consumers. The call center is open every day (including weekends) from 7:00 a.m. – 1:00 a.m. Eastern time.

    In addition to the website, Equifax will send direct mail notices to consumers whose credit card numbers or dispute documents with personal identifying information were impacted.

    While there have been complaints that the site doesn’t do much to verify whether or not an individual’s information has been compromised, there seems to be overall consensus that it’s more likely than not your information has been accessed.

    When it comes to what to do next, you’ve probably heard all of these tips before, but now you have even more reason to do them now.

    1. Monitor your own credit reports. They’re available for free once every year, so it might be best to stagger them so you see one every four months or so.

    2. Keep in mind that this isn’t something that will be over soon. The hackers who have the data could use it at any time, and since much of the data that stays the same through your entire life, they very well could wait a while to use it.

    3. Freeze your credit reports. Of course, you don’t have to do this, but it does stop identity thieves from opening credit cards or loans in your name. If you find that you need to apply for something in the future, just remember to lift the freeze before. (via ABC)

    On Sept. 8, New York Attorney General Eric Schneiderman launched a formal investigation into the hack. Consumer Financial Protection Bureau is looking into the breach, too, so hopefully we’ll find out more information on how this happened and who’s behind it soon.

    Equifax Says Cyberattack May Have Affected 143 Million in the U.S.

    Equifax data breach: What you need to know

    Getting up to speed on the Equifax data breach scandal

    Equifax Announces Cybersecurity Incident Involving Consumer Information

  • Working poor hit hardest by Hurricane Harvey

    Employment, housing affects many on coast


    Employment, housing affects many on coast

    As the waters rescind and the sun shines again, we’re left to reflect on the true devastation of Hurricane Harvey along coastal Texas. The consequences of the massive storm are huge, real and will take years to correct. But of all the people affected, no one seems to be hit harder than the working poor.

    These are people who work hard just to make ends meet and more often than not find themselves working paycheck to paycheck. Many have no financial cushion, no savings and limited funds available for necessities.

    According to the Texas Department of Public Safety, Hurricane Harvey is estimated to have destroyed or caused major damage to more than 13,700 single, mobile and multi-family homes in Harris County. Additionally throughout Southeast Texas, federal officials say Harvey affected more than 100,000 homes, and more than 436,000 households have registered for aid through the Federal Emergency Management Agency.

    Others may not even have a job to come back to. With some businesses closed until damages are fixed, paychecks for hourly workers are on hold, too. In the week following Harvey’s landfall, the number of people filing for U.S. unemployment claims jumped more than it had in five years (more than 51,000 new applications in Texas).

    34-year old Mark Levi Betancourt evacuated his trailer home with his family, and the home was severely damaged by the hurricane — so much so that he’s now seeking to raise funds to replace it. Prior to Harvey’s landfall, Mark worked fulltime at Woody’s Sports Center, which charters boat trips, in Port Aransas, Texas. But now he’s without a job, since the docks suffered so much damage and won’t reopen for at least two months.

    Already living paycheck to paycheck, Mark said “I’ve been living on the bottom forever, it’s not like I had far to fall.”

    Still others may have a job, but don’t have a way to get there as Harvey wreaked havoc on hundreds of thousands of vehicles in the region. Experts say that employers will usually only give people about two weeks to stabilize their lives after disaster before letting them go from their jobs if they cannot get there reliably. There isn’t much time for people to find alternative transportation.

    For those who already struggled before the storm, things have gotten worse. The aftermath of Harvey is a working poor who’ve been knocked down yet again, and we want to do our part to help them get back on their feet again.

    On the Road Lending created a special loan program for people impacted by these storms that will allow them to gain access to reliable transportation at a manageable cost while they rebuild their lives. Click here to donate to the program.

    Harvey Threatens to Tip Houston’s Working Poor Into Destitution

    This Is What It’s Like To Lose Your Job Because Of A Hurricane

    Another hurricane season casualty: Jobs

    Photo credit: DRONE BASE / REUTERS

  • Back on track!

    Bertram's story


    Bertram's story

    “Bertram is a Vietnam veteran who has suffered for many years with PTSD, depression, and drug and alcohol abuse. He’s been working with the Salvation Army to find support, employment and a safe and stable place to call home. With a master’s degree in Theology, he had an opportunity to work in the ministry. But without reliable transportation, getting to his new job and fulfilling his work obligations was going to be impossible. With an affordable loan and his new Nissan, Bertram’s back on track!

    CLICK HERE to get others like Bertram on the road to success.”

  • Take a breath

    Alfie's story


    Alfie's story

    “Alfie was in a position that many of our clients face — he had an older car that needed constant repair. Often he had to take the bus to work because his car was in the shop, and, eventually, it just didn’t make sense to spend more money on his 2001 Volvo station wagon. He had earned his master’s degree and graduated when the economy was sliding and was having trouble finding a job — especially one he could reach on a train or bus route. He not only had his own student loans to pay but also some for his kids, so he was under a lot of financial stress. After we got Alfie an affordable loan for a newer car, he got a job as a counselor that he could not have taken without a reliable car. We also connected Alfie with the AirCheck Texas Drive a Clean Machine Program that reduced the cost of his purchase by $3,000 when his old Volvo that failed emissions tests was taken off of the road permanently. The Camry he bought has 32% less emissions and a 31% better environmental impact score. On the Road Lending is proud to be doing its part to improve health and air quality by getting older polluting cars off the road!

    CLICK HERE to get others like Alfie on the road in cleaner cars.”

  • Giving back

    Jim's story


    Jim's story

    Café Momentum recruited Jim from New York to work with its nonprofit program that provides paid culinary internships and life skills training for juvenile offenders to foster successful re-entry into the community. Prior to moving to Texas, Jim had good credit and had saved for his move. Unfortunately he had to maintain the mortgage on his home in New York longer than expected. With his savings depleted, he depended on credit to pay expenses, which lowered his credit score. When his car was totaled in a severe hail storm here, he found that he couldn’t get an affordable loan for a replacement vehicle. Jim and his wife, Araceli, have adopted 17 children in need over the last 23 years, and currently have six living at home. When we heard about Jim, he only had a few days left on the rental car his insurance company was providing. We have never moved so fast to help someone and were able to get Jim qualified and into his Honda Civic within three days! Jim has dedicated his life to giving back, and we’re proud we could keep him going.

    CLICK HERE to help others like Jim get on the road to success!

  • Amazon, Whole Foods and the auto industry

    Acquisition a reminder that grocery shopping isn't easy for those without cars


    Acquisition a reminder that grocery shopping isn't easy for those without cars

    We were surprised as anyone when we heard the news about Amazon buying Whole Foods. Afterall, the acquisition is likely to affect many industries across the country and even across the globe.

    A recent editorial in the Wall Street Journal focused on the fact that the acquisition could disrupt an industry we know a lot about: the auto industry. And while the focus of the editorial was about the idea that making groceries a click away instead of a drive away could change everything, our focus was on something else.

    According to the WSJ piece:

    “The average American makes 1.5 trips to the grocery store a week, spending an average 53 hours a year roaming the aisles. A British survey that studied in detail the reasons for car ownership—and second- and third-car ownership—found high on the list was the need to haul otherwise unmanageable grocery loads from store to home. Some 65% said grocery shopping would be “quite” or “very” difficult without a car.”

    We at On the Road Lending know that last sentence to be true. Without a car, grocery shopping has the potential to be a very difficult and complicated task. In fact, grocery shopping is the No. 2 reason for car ownership for Americans. Commuting to school or work takes the top spot.

    The piece talks about the hassle of going grocery shopping on a busy Saturday or Sunday, and how there are people who would love to avoid it. But we know more people who don’t consider that a hassle at all and who would love to drive their very own car to the grocery store rather than take public transit or borrow a vehicle from a friend or family member.

    Will Amazon’s acquisition of Whole Foods disrupt the auto industry? We’re not so sure about that. But what we are sure about is the fact that without a car, grocery shopping is a more arduous task than it should be. That’s just one reason why we’re making sure car ownership is a reality and not just a dream for low- to moderate-income families.

    Amazon Will Free You From the Minivan

  • Mobility: It’s not just for adults

    Frisco ISD gives motorized toy cars to special needs children


    Frisco ISD gives motorized toy cars to special needs children

    The need for mobility isn’t just for adults. We were reminded of this while learning about a heart-warming and inspiring story about students with severe disabilities receiving toy cars to allow them to easily explore the world around them.

    The Frisco Independent School District is behind the effort that was inspired by the University of Delaware’s GoBabyGo program. A total of 12 students at the Early Childhood School were selected to receive the cars — up from last year’s test run where one student received one car.

    Engineering students at Frisco ISD’s Career and Technical Education Center were involved in the process, taking the toy cars, adding motors and reconfiguring the wiring by replacing foot pedals with power buttons. They also added kill switches for parents, seat belts, safety rails and other features specific to each student’s needs.

    Though the toy cars may be fun for the students who use them, they’re also practical and educational. They boost social interactions as well as teach cause and effect with each push of that big, bright, red button.

    “A lot of times people underestimate these kids,” Juanita Craig said. Her son, Morgan received the first car last year and because he outgrew it was able to get another one this year. “They just learn differently. We have to find new avenues and guide them.”

    Kids with disabilities find ‘pure joy’ in toy cars that boost mobility

  • New direction

    David's story


    David's story

    David doesn’t let the past dictate who he is today. He had a rough childhood and was incarcerated twice, but he refused to let that be the end of his story. While incarcerated, he focused on his financial fitness by participating in programs on personal finances, budgeting and credit. Now with reliable transportation through our KEY provisional transportation program, he is working as a peer educator in the Prison Entrepreneur Program and is planning to attend a local Dallas college to study business management. Not only is David diligent about creating a better life for himself, but also he aims to inspire other young, at-risk men who need positive role models to do the same!

    CLICK HERE to help others like David get a new start.

  • Client Referral Incentive Program

    Goal to increase the reach of On the Road Lending to people who can benefit


    Goal to increase the reach of On the Road Lending to people who can benefit

    We’re incredibly grateful for our clients, so we came up with a way to reward them while increasing our reach and ability to help others!

    Our program gives clients $25 with each referral along with at least one entry into a yearly drawing. See the details below:

    Rules: In order for the referring person to receive cash payments and earn entries into the prize drawing, the referred client must complete the intake and pay application fee. Upon receipt of the application fee, OtRL will issue a check to the referring party and record the referring person’s entries for the prize drawing. Tallies and earned entries will accumulate for one year and the drawing for prizes will be held once per year at the Client Appreciation Event.

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    PRIZES

    Grand Prize: Flat Screen TV

    1st Prize: $250 Gas Gift Card

    2nd Prize: $200 Grocery Gift Card

    3rd Prize: $100 Grocery Gift Card

  • Community Innovation Project Invests $3 Million in Four Game-Changing Nonprofits

    Four local awardees leverage workforce-related solutions to disrupt persistent social issues


    Four local awardees leverage workforce-related solutions to disrupt persistent social issues

    April 19, 2017 – DALLAS – ORIX Foundation has announced a $3 million investment into four local nonprofits that are leveraging innovative, workforce-related solutions to disrupt persistent community challenges from poverty and unemployment to child abuse and neglect. The foundation, led by employees of Dallas-based financial services company ORIX USA, created the Community Innovation Project in response to a $3 million contribution from ORIX USA.

    Community Innovation Project awardees include: Cristo Rey Dallas College Prep and Paul Quinn College, which help economically disadvantaged students change the trajectory of their lives through work-study programs with Dallas employers; On the Road Lending, which helps the working poor address transportation barriers to long-term employment and financial stability; and Community Partners of Dallas, which is seeking to improve protections for abused and neglected children through a privately funded work environment to support and retain Child Protective Services (CPS) caseworkers.

    “These are all creative, problem-solving organizations that are willing to think differently and break with the status quo to better serve the Dallas community,” said Jim Dunn, who chaired the Community Innovation Project task force for ORIX Foundation and is President of ORIX Real Estate Americas. “Since we, as ORIX employees, better the community through our workplace, we were drawn to the idea of supporting transformational work experiences to further social change.”

    The Community Innovation Project awards include:

    $1 million to Community Partners of Dallas to fund a home base for CPS caseworkers. Last year a report showed that Dallas County CPS workers quit at annual rate of 57 percent. High turnover has led to prolonged time in investigating initial child abuse allegations, neglect in working cases, as well as dozens of other issues that affect the children served. As the state-designated charity partner for CPS in Dallas, Community Partners of Dallas is creating a new, privately funded space for caseworkers that will be the first of its kind in the country. For caseworks accustomed to working out of their cars or in crowded cubicles shared with multiple caseworks, this space will help create a positive work environment and collaborative hub for working with peers to protect abused children

    $500,000 to Cristo Rey Dallas College Prep for a new center to expand its Corporate Work Study Program. Cristo Rey Dallas offers economically disadvantaged high school students the opportunity to gain real-life business skills and character-building experiences from local employers while earning the majority of their tuition. Cristo Rey Dallas opened in Pleasant Grove in 2015, and provides a quality college preparatory experience to students in an area where poverty is pervasive and less than half of adults over 25 have graduated from high school. The Cristo Rey model combines education and work experience to change the trajectory of low-income students’ lives at 32 schools nationwide, with 90 percent of its graduates admitted to college. The work-study program connects students to paid jobs with more than 70 of Dallas’ top companies – exposing students to prosperous employment opportunities across North Texas and encouraging them to pursue educational opportunities in these higher income careers

    $500,000 to On the Road Lending to expand its Keys to Empowering Yourself (KEY) transportation program. This one-of-a-kind program offers reliable, low-interest vehicles and intensive financial coaching for vulnerable clients taking their first steps toward financial stability. Lack of transportation is reported to be the number one reason people lose their jobs, and public transport is often inaccessible in economically disadvantaged parts of Dallas. Funding from the Community Innovation Project will provide capital for low-interest vehicle loans for quality used cars under warranty, as well as financial coaching for those participants. The KEY program empowers individuals to avoid predatory loans, get and keep jobs, become more financially stable and have a healthier, better quality of life.

    $1 million to Paul Quinn College for its Work Program. This program gives urban students, primarily from low-income backgrounds, real-world work experience while enabling them to contribute to their college tuition without sacrificing their academic performance. Paul Quinn College is the only urban Work College in the United States, and its New Urban College Model has the potential to become a national standard. The school has been recognized for being an anchor institution for its students and a workforce pipeline for employers, while reversing unemployment, dropout rates and student debt trends.

    ORIX Foundation received an overwhelming response to its call for game-changing ideas to disrupt persistent community issues, with 164 applications submitted and vetted by a committee of ORIX employees over a nine-month period. This is the first innovation-focused grant opportunity from the employee-driven foundation, which has committed over $10 million in other grants to nonprofits since 2009, primarily in ORIX USA’s headquarters region of North Texas.

    To learn more about the Community Innovation Project awardees as their projects progress, follow ORIX Foundation’s Facebook page or visit orixfoundation.org.

    About ORIX Foundation ORIX Foundation is a nonprofit foundation sponsored and managed by ORIX USA Corporation and its employees to advance education, strengthen communities and improve lives. The foundation awards direct grants to not-for-profit organizations and matches the charitable contributions and fundraising of each ORIX USA, RED Capital and Boston Financial Investment Management employee up to $10,000 each year. Since it was founded in 2009, ORIX Foundation has committed over $13 million to nonprofit organizations primarily in ORIX USA’s headquarters region of North Texas.

    About ORIX USA Corporation ORIX USA, a subsidiary of ORIX Corporation, provides innovative capital solutions that clients need to propel their business to the next level. Based in Dallas, ORIX USA has a team of more than 700 employees spanning 20 offices across the U.S. and Brazil. ORIX USA and its family of companies offer investment capital and asset management services to clients in the corporate, real estate, municipal and energy sectors, while holding $6 billion of assets and managing an additional $29 billion, approximately. For more information on ORIX USA, visit www.orix.com.

  • Our impact investment loan fund now designated as CDFI

    After rigorous process, designation awarded by US Treasury


    We’re excited to announce that our impact investment loan fund, which provides below-market interest rate loans on good vehicles, has been designated by the US Treasury as a Community Development Finance Institution (CDFI). This prestigious designation is not easy to obtain and is only granted to specialized organizations offering financial products and services to benefit low-income communities and other target populations, in our case, African Americans and Hispanic families and individuals.

    The people we seek to serve have difficulty purchasing reliable transportation without being taken advantage of by predatory lenders. They often buy poor quality cars with bad loans because of a lack of credit, financial knowledge, or an understanding of the car-purchasing process. The partnership between our services arm, On the Road Lending, and OTR Fund I, LLC, our first loan fund, is a deliberate strategy to help these clients overcome this situation. Although two separate entities, they work closely together to provide an integrated suite of benefits for the people we serve, including long-term financial coaching, vehicle services, and good loans.

    Our goal is for people to build stronger lives and better health (physical, mental, emotional and financial). We want everyone to be able to access and retain the best job possible, overcome food deserts, obtain good medical care, access education options for their children, build assets and credit, and be on the road to a better future.

    To learn more about CDFI Certification, visit their website.

    To learn more about OTR Fund I, click here.

  • DART closes bus stop in NE Dallas

    Shut down an effort to combat crime


    Shut down an effort to combat crime

    Recently, DART closed a bus stop at the intersection of Forest Lane and Audelia Road. The stop was shut down in an effort to combat crime in the area.

    Many residents were already avoiding the bus stop because of the crime, but according to DART spokesman Mark Ball this stop was one of their busiest locations. And while there hadn’t been reports of crime on the DART buses, the shutdown of the location was an effort to work with the community.

    “We know they are attempting to fight the bigger issue of crime and we wanted to be part of the solution,” Ball said. They’ll now direct people to use bus stop to the north and the south — both about 5 minutes away.

    While we can understand why this is the resolution to the issue, we can’t help but wonder about the families and individuals who are affected by the bus stop closing. It’s easy to say the other bus stops are only about 5 minutes away, but there are too many people who can’t afford to extend their commute that’s already too long.

    Additionally, if DART shuts down one of its busier stops because of crime, what does that say about public transportation? We’re not saying it’s the most dangerous option, but we can certainly say that on top of being unreliable, it’s certainly not the safest option for Dallas families.

    What do you think of DART closing the stop at Forest Lane and Audelia Road? Is it an acceptable solution to the crime issue?

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